Xenia Broking Group Ltd. reports it has has acquired the trade credit and financial and specialty risk teams from specialist Lloyd’s insurance broker Parker Norfolk & Partners Ltd. The deal signals Xenia’s launch into the financial and specialty risks market, …
The cyber insurance market in the U.S. grew to roughly $4.1 billion in direct written premiums in 2020, an increase of 29.1% from the prior year, reports the National Association of Insurance Commissioners (NAIC). According to the NAIC’s 2020 Cyber …
Environmental activist Clara Mayer and the heads of Greenpeace Germany have sued Volkswagen in German court, the NGO said on Tuesday, accusing the automaker of failing to do its part to combat climate change. The claimants had given Volkswagen eight …
LISBON — Demand for online mental health care will be a priority in the post-COVID world, bosses of telehealth apps say, after lockdowns took a toll on people’s wellbeing and requests for virtual appointments skyrocketed. “There’s a mental health crisis …
Definity Financial Corp., the property and casualty insurer formerly known as Economical Mutual Insurance Co., is seeking to raise C$1.25 billion ($1 billion) in an initial public offering, following in the footsteps of other large Canadian insurers that have moved …
Sean Bourgeois, the chief executive officer of Tremor, often hears people say that his company’s reinsurance price optimization technology works best in a soft market, when there’s a lot of competition and everybody wants to be on programs. That’s incorrect, …
Each reinsurance renewal season sees brokers feverishly chasing down the best premium prices in the market. Frequently, when the panel of reinsurers offer their submissions for a slice of treaty, the broker will discover that the treaty is oversubscribed and …
Investigators are expected to examine the design of safety barriers and the use of crowd control in determining what led to a crush of spectators at a Houston music festival that left eight people dead and hundreds more injured. Authorities …
Another federal court has dismissed a COVID-19 virus-coverage lawsuit brought by a company that had its business-interruption claim denied by its insurance carrier. In Agilitas USA vs. Hartford Fire Insurance Co., the U.S. District Court for Middle Tennessee found that …
The 6th Circuit Court of Appeals on Nov. 5 affirmed the dismissal of another lawsuit seeking coverage for COVID-19 business-interruption losses, this one filed jointly by 16 private pre-schools in Ohio. It was the third ruling by the 6th Circuit …
